(06 November 2017) – Reed Smith was pleased to advise longstanding client London & Regional Properties (L+R) on the refinancing of its Atlas Hotel portfolio, consisting of approximately 50 hotels which it purchased for circa £575 million in 2016.

The refinancing was led out of London by Jimmy Theodorou, vice-chair of the firm’s Real Estate Group, in collaboration with real estate finance partner Fran Sepúlveda, harnessing Reed Smith’s strong and proven capabilities in real estate and real estate finance.

Having advised on the original acquisition, the team was pleased to act on an ongoing basis to achieve this refinancing as a strategic priority for the client.

Jimmy Theodorou, Vice Chair of the Global Real Estate Practice said: ‘We are delighted to continue to advise this valued client in relation to the management of this strategically important part of their property portfolio.’

L+R is a global property business and developer with an investment portfolio of over £9bn. Advised by Reed Smith, it acquired Atlas Hotels from Lone Star in April 2016. The acquisition of Atlas represented the first budget addition to L+R’s existing portfolio of luxury hotels, which comprised 6,600 rooms across Europe and the Caribbean.

ENDS

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